Wholesaling

Wholesaling

Wholesaling is the process of finding a property at a significant discount below market value and reselling it on to another investor without ever actually purchasing it yourself. Sounds odd right? The way it works is that our investor will find a property that the owner is willing to sell quickly for below market value and he will sign a contract offering to purchase this property at this price. Believe it or not, this happens all the time; perhaps the owner may be going through divorce, moving town for work, or a myriad of other reasons. Now our investor will find a buyer, or hopefully already have one lined up. When he finds a buyer for the property he completes what is called an “assignment of contract” where the end buyer will pay our investor a fee to take over the contract for the right to purchase the house and will also pay the original seller the negotiated price for the house. To protect against being unable to find an end buyer, our investor will put a clause in the contract that states that the purchase is contingent upon finding a buyer.

Let’s look at a quick example:

Three children have just been left a property as inheritance. The house is in disrepair and currently unliveable, they want to sell it for cash as quickly as possible. The property is worth $100,000USD (even in its current state) but our investor offers them $80,000USD cash within the next 60 days. They agree and a contract is signed. Our investor markets this property for $90,000 and finds another investor who is interested in renovating the property and reselling it. This second investor pays our investor $10,000 for the contract to purchase the house, and then pays the three sellers the $80,000. The second investor has bought a house for $10,000 below market value, our investor has pocketed $10,000USD for assigning the purchase contract, and the three inheritors have gotten quick cash for a their inheritance.

I would like to thank you so much for everything you did for Savvas and I and our new house in Houston. We could not have done it without your assistance, guidance and help. I have made contact with our property manager and they are really great at managing our investment, once again this would not have been possible without your help. Savvas and I still owe you a dinner when we next come to New York, we are hoping to come back to the US over the next 12 – 18 months and go to Texas, we will definitely try and work in with your schedule to meet up then.

~ Savvas and Voula Aidonopoulos

Ben’s persistence in helping us set up both a U.S. Bank Account and a foreign exchange Account was invaluable. With his knowledge and guidance we then went on to buy a nice property in Atlanta, Georgia. I would be happy to speak to anyone about my experience in purchasing a U.S. property.

~ Bruce Barned

I completed the American properties “US Setup” then went on to independently pursue my own investment strategies and locate my own investments. American Properties “US Setup” services were great for me during my own USA property investing adventure. They continue to provide me with a wealth of information and access to a host of key contacts to assist with all aspects of buying property in the USA.

~ Glen Stephenson

This was my first time investing in the U.S. At the beginning it was quite daunting, but with the assistance of Ben and best rolex replica his team at American Properties I was able to find a great property that produces steady cash flow. I could not have done it without Bens professional guidance along the way.

~ Stjepan Paric

This was my first time buying property in the US and could not have done it without the help of Ben and his team at American Properties. The ongoing support, local contacts and expertise throughout the process was invaluable. I would definitely recommend it to anyone thinking of doing the same.

~ Karl P.

I had some cash doing nothing in the bank. American Properties made it easy to put that cash to work with a couple of nice properties in Dallas. It was easy and the returns are healthy, replica hublot go with American Properties if you’re looking to buy up in the US.

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